| Covid-19 became a pandemic because airplane passengers carried the new coronavirus with them around the world. As that became clear, airlines grounded nearly all of their fleets, governments issued travel restrictions and mandatory quarantines, and tourist attractions and conferences closed down. With no reason to fly, a quick recovery for air travel seemed unlikely. Warren Buffett dumped his airline stocks, claiming that the "world has changed." Passengers also wouldn't feel safe packed inside a metal tube for hours, would they? Happily for the industry, if not for the climate, the seemingly insurmountable barriers to air travel have begun to look less daunting. "We believe the worst is behind us, and we're on the uptick," American Airlines Group Inc.'s boss, Doug Parker, said after a surge in travel over the U.S. Memorial Day holiday weekend. Investors have taken notice. Read the whole thing. As the Country Burns, Trump Gives Up — Editorial Board Mattis's Rebuke of Trump Is a Big Deal — Jonathan Bernstein China May Be Pushing India Toward the U.S. — Hal Brands The Most Hated Rally in History Just Won't Stop — John Authers A Goldman Exec's Advice for His White Colleagues — Frederick Baba Racism Is the Biggest Reason the U.S. Safety Net Is So Weak — Noah Smith Is the Coronavirus Really Getting Weaker? — Max Nisen The FBI's Trump-Russia Investigation Looks Even Worse — Eli Lake The Golden Rule Is Dying of Covid-19 — John Authers This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership, plus some other stuff occasionally thrown in. |
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